Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the Borda-count method
The residents of Desert Sands, realizing that they have no chance of winning this election, decide to remove their town from contention, so now with only 3 towns in the running, if a town gets ranked #1, it gets 2 points per vote, a town ranked #2 gets 1 point per vote, and a town ranked #3 gets no points per vote. With this method, the town that wins in this election is A) There is no clear winner in this election.
B) Glacier Cove.
C) Mountain View.
D) Oceanside.
C
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Suppose you place your savings in a time deposit at the bank, and that bank lends some of those funds to a business that desires a loan. This is an example of
A) direct finance. B) indirect finance. C) asymmetric information. D) adverse selection.
For natural monopoly markets, government regulators frequently encourage competition among a number of firms.
Answer the following statement true (T) or false (F)
Which of the following people would be considered unemployed?
(a) A person who stayed home to raise his children and now starts looking for a job. (b) A person who quits a job to return to school full time. (c) A person who is qualified to teach but is driving a bus until a teaching job is available. (d) A person who works two part-time jobs but is looking for a full-time job.
How much additional money will be created if you deposit a $200 check into your bank, which holds a 10% reserve ratio?
A. $200 will be created since your checking account balance has increased by $200 B. $180 since the bank will keep 10% of your $200 check in reserves and lend the other 90% C. $2,000 since the money multiplier will be equal to 10 and reserves have increased by $200 D. No money will be created since the $200 check does not represent an increase in reserves